in some instances accounting principles require a departure from valuing inventories 739089

In some instances, accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit inventory price in the following cases.

Cases

1

2

3

4

5

Cost

$15.90

$16.10

$15.90

$15.90

$15.90

Sales price

Estimated cost to complete

14.80

1.50

19.20

1.90

15.20

1.65

10.40

.80

17.80

1.00

Estimated cost

.50

.70

.55

.40

.60

to sell